Ogden Equipment Co. v. Talmadge Farms, Inc.

McMurray, Judge.

This case involves a lease-purchase agreement between Talmadge Farms, Inc., as lessee, and Ogden Equipment Co., as lessor, with reference to the lease of a forklift with an option to purchase for the sum of $1 after 36 monthly payments. The lease was assigned by Ogden Equipment Co. to General Electric Credit Corporation of Georgia. Under the terms of the lease the assignee, in the event the lease was assigned, would be free of any counterclaims and all the lessee’s remedies would be solely against the lessor. Talmadge began having difficulties with the forklift requiring…